Tips for Buying a Home
When it comes to buying a home, it's important to understand how much home you can afford. How much you actually can afford and how much a bank approves you for may be two entirely separate numbers.
The Dollar Blogger recommends always putting 20% or more down on your mortgage to avoid PMI payments and to mitigate risk of being underwater in case of a market shift. Additionally, we recommend 15-year fixed mortgages as the best solution. You can read more about how much money a 15-year mortgage can save you over a 30-year mortgage here.